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Which of the Following Is True About a Surety's Liability

Question 42

Multiple Choice

Which of the following is true about a surety's liability to pay in a surety arrangement?


A) The surety is secondarily liable for payment.
B) The surety is primarily liable for payment.
C) The principal debtor must be in default before the surety can be approached.
D) The surety can only be approached as a last resort to the creditor.

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